$LPT Weekly Price Overview
★Early Week Surge: LPT rallied from approximately $5.15 to over $14.35, marking a substantial gain.
★Midweek Correction: Following the surge, the price corrected to the $8.0-$9.0 range, aligning with Fibonacci and moving average supports.
★Current Trading Range: As of now, LPT is trading around $7.52.
🎯Short-Term Price Predictions
Analysts have outlined several scenarios for LPT's price movement in the coming days:
1. Bullish Continuation: If positive momentum persists, LPT could test the $12.5-$14.0 range, with a psychological resistance at $15.
2. Technical Correction: In the absence of new catalysts, a further correction to the $6.2-$7.0 support zone is possible.
3. Sideways Accumulation: LPT may consolidate between $9.5-$11.0, forming a new base before the next significant move.
⚠️Key Support and Resistance Levels
Support Zones: $7.50 (trend support), $8.60, and $9.20.
Resistance Levels: $10.00, $10.60, and $11.20-$12.00.
💡Trading Considerations
•For Existing Holders: If you acquired LPT below $6-$7, consider taking partial profits or setting a trailing stop to protect gains.
•For Potential Buyers: Avoid entering at peak prices; instead, wait for a correction or a confirmed breakout before initiating new positions.
Given the current market dynamics, it's crucial to stay updated with official Livepeer announcements and broader market trends.
#lpt #LPT/USDT #BinanceAlphaAlert #NewsAboutCrypto #MarketPullback